Eight Core Industries of IIP grew by 3.2% in September 2015; Fastest in 4 months

Who: Eight Core Industries of IIPWhat: Grew by 3.2% in September 2015When: Announced on 2 November 2015Why: Due to accelerated growth in Fertilisers & Electricity

The Department of Industrial Policy and Promotion (DIPP) on 2 November 2015 announced that the eight core industries of Index Industrial Production (IIP) grew by 3.2 percent in September 2015 as compared to 2.6 percent in September 2014.

The growth was calculated with base year 2004-05 and was the highest in four months since May 2015 that saw 4.4 percent growth.

However, the cumulative growth rate in the April-September period of FY 2015-16 was pegged at 2.3 per cent, lower than 5.1 per cent registered during the same period in FY 2014-15.

The accelerated growth in September 2015 was attributed to sharp pick-up in fertiliser production and electricity generation.

Fertiliser and electricity generation sectors grew by 18.1 and 10.8 per cent in September 2015 as compared to (-)11.6 and 3.9 percent growth respectively in September 2014.
Growth in Core Sectors: Weights & Growth Chart